Reported about 11 hours ago
European defense and aerospace stocks dropped significantly due to fears that new US tariffs could disrupt supply chains, causing investors to cash in on previous gains. Companies like Rheinmetall, Airbus, and Rolls-Royce experienced major declines, with concerns that disruptions from suppliers could halt aircraft deliveries. Despite the sharp drop, the defense sector has seen a strong rise this year as European nations increase security spending amid geopolitical tensions.
Source: YAHOO